\begin{tabular}{l*{3}{c}}
\toprule
            &\multicolumn{3}{c}{ $ RC\_{t+1}$ }     \\\cmidrule(lr){2-4}
            &\multicolumn{1}{c}{(1)}&\multicolumn{1}{c}{(2)}&\multicolumn{1}{c}{(3)}\\
\midrule
D           &       20.75&       13.15&       17.63\\
            &      (1.98)&      (2.84)&      (2.94)\\
M           &            &       10.31&        7.17\\
            &            &      (2.84)&      (2.94)\\
\midrule
Time-FE     &          No&          No&         Yes\\
N           &         887&         887&         887\\
\bottomrule
\end{tabular}
